Motorola Mobility reduces Q3 net loss marginally to US$32 million

Motorola Mobility posted third quarter revenues up by 11 per cent at US$3.3 billion and a net loss of US$32 million, compared to a loss of US$34 million for the same period a year ago.

During the three months, the company shipped 11.6 million mobile devices, including 4.8 million smartphones, and approximately 100,000 Motorola Xoom tablets.

Mobile Devices net revenues in the third quarter were US$2.4 billion, up 20 per cent compared with the year-ago quarter. The operating loss was US$41 million compared to an operating loss of US$43 million in the year-ago quarter.

Home segment net revenues in the third quarter were US$825 million, down 10 per cent compared with the year-ago quarter. GAAP operating earnings were US$54 million, compared to US$49 million in the year-ago quarter.